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Procedural Lapse in Initial Proceedings u/s 148 of Income Tax nullifies Resultant Notices and Orders Automatically: ITAT [Read Order]

Saagarika Gopinath

In a recent ruling, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) nullified the notice issued under Section 148 of the Income Tax...

216 Days undue Delay in Filing ITR by Co-Op Society: Madras HC dismisses Petition Claiming 80P...

Extension of Deadline by CBDT: ITAT deletes Addition of Deemed Income to Trust for Belated Filing of...

AO disallows S. 57 deduction claim on interest income from Personal funds: ITAT Quashes disallowance...

Decades-old Assessments: ITAT denies re-adjudication for evidence lapses [Read Order]

AO Fails to Verify FMV with Valuation Officer u/s 50C(2) upon Taxpayer’s Dispute: ITAT Invalidates STCG Addition [Read Order]

The Lucknow Bench of the Income Tax Appellate Tribunal ( ITAT ) invalidated the addition of short-term capital gains ( STCG ) after the assessing officer failed to consult a valuation officer to...

ITAT Criticizes Revenue's Unnecessary Appeal against CIT(A)'s Exemption u/s 26AAB despite AO already accepting claim

The Lucknow Bench of Income Tax Appellate Tribunal ( ITAT ) criticized revenue for its unnecessary appeal against the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision regarding income tax...

Interest on Delayed Customs Duty Deductible u/s 37 of Income Tax Act: ITAT [Read Order]

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest on delayed customs duty was deductible under Section 37 of the Income Tax Act,1961. Mangalore chemicals &...

9 Technical Glitches in Income Tax Portal: KSCAA Submits Representation before CBDT [Read Order]

The Karnataka State Chartered Accountants Association ( KSCAA ), has submitted a representation on the ongoing technical issues affecting the Income Tax portal before the Central Board of Direct...

Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]

In a significant ruling, the Gujarat High Court has held that Income tax recovery proceedings cannot initiate during pendency of appeals before Commissioner Of Income Tax ( Appeals ) (...

ITAT Weekly Round Up

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week 20th October 2024 to 25th October...

Income Tax Department Releases Updated Timeline for Tax Notices

The Income Tax Department has recently issued an updated timeline for tax notices, detailing the deadlines and procedures for assessments and reassessments under various Sections of the Income Tax...

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